Friday, September 25, 2009

09/25 MNX Iron Butterfly

Ooops, I didn't notice I had a long NOV Call and didn't dumpt it at the end of day Today.. I have a contingent order to sell it Monday Morning if we tick down to 169. Even with that mistake, the position is working its way up in the P&L ladder. Contingent orders in place and ready to roll on Monday.

By the end of day Today, I didn't want to buy long PUTs (granted, I didn't notice I had a NOV Call to sell), so my down-side adjustment comes in closer than 1 st. deviation. I didn't want to be preemptive.

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